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TMCNet:  Oman's bank muscat Live on Charles River to Manage Strategic Investment Growth

[February 06, 2014]

Oman's bank muscat Live on Charles River to Manage Strategic Investment Growth

LONDON --(Business Wire)--

Charles River, an enterprise-wide, front- and middle-office investment management solution provider, today announced that bank muscat's Asset Management Division in Oman, one of the largest fund managers in the Gulf Cooperation Council, is live on the Charles River Investment Management Solution (Charles River IMS) to support its equity and fixed income operations. bank muscat is leveraging Charles River IMS for automated portfolio management, trading, compliance monitoring and performance measurement and attribution.

"Our portfolio managers, traders, compliance and operations staff now manage all accounts in Charles River. The flexible portfolio management tools and the combined order and execution management capabilities simplify our workflows and ensure compliance throughout the trade lifecycle," said Abdullah Al Hinai, Deputy General Manager, Investment Bankingand FIG, bank muscat.


"Asset managers in the Middle East, like bank muscat, attract international investors and assets by incorporating new investment strategies and instruments into their portfolios," said Stephen Butcher, Managing Director-EMEA, Charles River. "Through our experience in these local markets we help investment firms across the region standardize and automate their investment operations to support expansion and control risk."

About bank muscat Asset Management Division
Managing funds and portfolios since 1993, bank muscat's Asset Management Division is one of the leading fund managers in the GCC and enjoys an undisputed dominant position in Oman. bank muscat Asset Management Division brought the concept of mutual funds to Oman and the concept of Index Investing to the GCC.

With assets under management of over US$1.2b, bank muscat Asset Management Division offers a wide range of investment solutions in the Middle East and India. The Division was awarded the "Best Asset Manager in Oman in 2010 and 2011" by EMEA, "Oman Asset Manager of the Year" award for 2010 and 2011 by Mena FM, and "Oman Best Asset Manager" in 2011 by Global Investor. The Division's bank muscat Oryx Fund was the winner of the Lipper Award in 2009 for the "Best GCC Fund" and in 2013 received the "Best GCC Equity under $30 m" award by Mena FM.

About Charles River
Charles River provides an end-to-end solution to automate front-/middle-office investment management functions across asset classes on a single platform. Charles River serves over 350 investment firms in 43 countries.


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